Florida Academy Of Sciences Inc
- Assets
- $798.8k
- Revenue
- $38.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Melbourne, FL
- Founding
- 08/1966
- Data as of
- 12/2022
- EIN
- 59-1004603
Organization Overview
Florida Academy Of Sciences Inc is located in Melbourne, FL. The organization was established in 1966. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Academy Of Sciences Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Florida Academy Of Sciences Inc generated $38.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (33.2%) each year. All expenses for the organization totaled $44.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THE CORPORATION SHALL BE TO PROMOTE SCIENTIFIC RESEARCH, TO STIMULATE INTEREST IN THE SCIENCES, TO ENCOURAGE THE DIFFUSION OF SCIENTIFIC KNOWLEDGE, TO SPONSOR GOOD SCIENTIFIC TEACHING, TO FOSTER PUBLIC AND GOVERNMENTAL UNDERSTANDING AND APPRECIATION OF THE SCIENCES AND THE INDUSTRIES THAT APPLY THEM, TO ASSIST IN THE FORMULATION OF LONG-RANGE PLANS TOGETHER WITH A TIME SEQUENCE OF PRIORITIES FOR THE DISPOSITION OF BOTH NATURAL AND TECHNICAL RESOURCES, TO PROMOTE ETHICAL APPLICATION OF THE SCIENCES TO THE SERVICE OF HUMANITY, TO BRING SUITABLE RECOGNITION FOR SCIENTIFIC ACHIEVEMENT, TO ARRANGE MEETINGS FOR THE PRESENTATION AND EXCHANGE OF SCIENTIFIC FINDINGS AND TO PUBLISH A JOURNAL TOGETHER WITH OTHER SCIENTIFIC WORKS AS MAY FURTHER THE PURPOSES OF THE CORPORATION. THE FLORIDA ACADEMY OF SCIENCES, INC. SPONSORS THE FLORIDA JUNIOR ACADEMY OF SCIENCE TO ENCOURAGE YOUNG SCIENTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY PUBLISHES A PEER-REVIEWED SCIENTIFIC JOURNAL, USUALLY QUARTERLY, THAT IS DISTRIBUTED TO MEMBERS AND SUBSCRIBERS. MOST ARTICLES ARE ORIGINAL RESEARCH RESULTS.
THE ANNUAL MEETING PROVIDES A VENUE FOR MEMBERS AND NONMEMBERS AS WELL AS HIGH AND MIDDLE SCHOOL STUDENTS (FLORIDA JUNIOR ACADEMY OF SCIENCE) TO PRESENT SCIENTIFIC PAPERS BEFORE COLLEAGUES EITHER ON A COLLEGE CAMPUS OR, IN RECENT YEARS, BY VIRTUAL MEETING.
THE ACADEMY HAS AWARDED GRANTS TO SMALL COLLEGES AND UNIVERSITIES IN FLORIDA TO SUPPORT UNDERGRADUATE RESEARCH IN STEM DISCIPLINES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darin Bell President | OfficerTrustee | 1 | $0 |
Sesha Srinivasan President Elect | OfficerTrustee | 1 | $0 |
Norine Noonan Secretary | OfficerTrustee | 1 | $0 |
Richard Turner Treasurer | OfficerTrustee | 1 | $0 |
Thomas Arnold Director | Trustee | 0.5 | $0 |
James Austin Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,175 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,555 |
| Total Program Service Revenue | $8,208 |
| Investment income | $17,096 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,320 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,618 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $11,926 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,679 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,239 |
| Information technology | $827 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $258 |
| All other expenses | $0 |
| Total functional expenses | $44,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,108 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $705,642 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $798,750 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $93,108 |
| Net assets with donor restrictions | $705,642 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $798,750 |